Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available
I warned everyone that an inflationary coin has no future but at that time hundreds of shibes with much economics insight claimed the opposite.
Amazing how this turned out. Wow.
Amazing how this turned out. Wow.
Well, it might have a future again soon with inflation being out of the picture, along with low price and overall cap giving it the "potential" to go up again. I think it will. DOGE has brand recognition and got too big to not make another run again, imo.
But right now the entire crypto market is looking bad, and as long as BTC is heading down, it's going to further pull coins like DOGE and LTC down with it. But, if history does repeat itself, the next bottom will be the time to go all in on crypto (whatever you can afford to lose). Either we lose it at all after that or be very happy a few months later.
Inflationary is not a problem,but too big inflationary is a big problem. The inflationary must be lower than USD ASAP. You must treat people as a Economic man but not a fool. Right now Dogecoin can't be used to shopping. Shopping more, kill dogecoin more. It is history chance. if it passed, you can't get the chance back.
Inflation was always a problem and it will always be. Inflation means that you can buy less and less with the same amount of money.
If you don't see this as problem you might need to turn back to fiat.
The second statement is pure idiotic.
The value of a coin comes from it';'s use not from hoarding. Hoarding just keep the value artificially. You cans see the effects now.
You don't understand why Shopping more, kill dogecoin more right now. You don't know why Satoshi Nakamoto against amazon receive BTC 2 years ago. Because that time the market is too small. If a house be sold by dogecoin, that Volume could cut down the price of dogecoin 20-30%. Small volume shipping is OK, big volume will kill the market, it only pump the USD out of the market. Shopping more kill more right now.
The most important thing is give people reason to buy dogecoin persistent with USD. That mean dogecoin need to be better than USD like BTC( people think BTC against inflation). Dogecoin is easy and cheap to use on internet. You just need to lower the inflation than USD is OK.
POW is an other problem. mining will reach the the social average profit. That mean 80-90% new coin will be sold in market for USD( for power fee).(5-10% profit is social average profit) . This problem is killing LTC now. And it will kill BTC later. POW is for distribution, but right now mining is not decentralization. It is only wast of dollar for nothing. Only the power company and the Chip maker love POW know. POW pump the cash out of the market too.
POS give people interest to hold, and don't pump the power fee USD out of the market. That mean POS could be no inflation for holder ( but the interest still need to be lower than USD's inflation for psychological effect）. Fix POS's problem, make POS better and let dogecoin use POS is the most important thing.